Internet computer protocol
is traded at $ 4,8373, dropped 5.18% over the last 24 hours, while the wider crypto market, as the target of the Coindesk 20 index fell only half as much.
ICP faced renewed sales pressure as geopolitical risks and threats of cyber security ragged digital asset markets. The fall comes in the midst of troubled finds from the cyber security company Koi Security, which revealed a network of malicious browser extensions aimed at cryptocurrency users.
The report identified more than 40 fake Firefox addances designed to emulate popular wallets such as Metamask and Coinbase. These extensions, some of which remain live in browser stores, are believed to have stolen sensitive credentials from unsuspecting users since at least April 2025.
Technical metadata and language articles in the attack infrastructure point to Russian-speaking actors, according to KOI. These findings added a new layer of concern for cryptoinvestors that are already navigating macroeconomic uncertainty and fragmented global regulation.
ICP’s price reaction was Swift, with the token fell through key support to $ 5.00, according to Coindesk Research’s technical analysis model. The bearish feature was amplified at increased trading volumes under central sales at. 12:00 and 20:00 UTC on July 3rd. The coin’s vulnerability to a wider risk tunation was on full view as the cyber threat narrative crossed with elevated volatility to push prices sharply lower.
The false wallet attack – by utilizing the same confidence layers that users depend on saving digital assets – has increased the attention of security risks in decentralized ecosystems. For projects such as Internet computer that promote infrastructure and self -insurance on the chain, the reputation risk of these types of exploitation can strongly weigh on investor mood, even when it is not directly linked to the protocol itself.
Technical analysis highlights
They quoted all times are UTC.
- ICP-USD fell 4.3% to $ 4,8373 between July 3, 07:00 and July 4, 06:00.
- Price action formed a falling channel with resistance near $ 5.13 and a decisive collapse of below $ 5.00.
- Sharp Salkoffs took place at 1 p.m. 12:00 and 20:00 on July 3, accompanied by volume above average.
- Token’s total range was $ 0.26 (5.1%)emphasizes increased volatility.
- A decrease of 1.17% occurred between 05:52 and 06:51 on July 4, when the price dipped below $ 4.90.
- Temporary support occurred to $ 4.88 around 06:30, followed by a mild recovery that stopped at $ 4.89.
- Volume exceeded 94,000 units during the window 06: 27–06: 30, probably driven by institutional activity.
- Ending Minutt showed consolidation where low volatility suggested possible range-bound action in the future.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
